Diageo to de-list debt on NY Stock Exchange

Diageo is planning to voluntarily de-list certain debt securities from the New York Stock Exchange and re-list them on the London Stock Exchange.

Diageo is to de-list a number of debt securities from the New York Stock Exchange

The UK-based group said the move will “provide cost and administrative efficiencies” and will not impact the “liquidity of the securities”.

“Diageo remains committed to its US debt investors and intends to maintain an SEC-registered debt shelf program in the United States,” the group said in a statement.

The relevant debt securities are expected to be listed on the London Stock Exchange from 27 May 2016. The move will not affect their terms and conditions.

Diageo’s American depository receipts, each representing four ordinary shares of Diageo plc, will remain listed on the New York Stock Exchange following the de-listing of the debt securities.